Rocket Lab Signs Launch Deal With Japanese Earth Imaging Company iQPS
Portfolio Pulse from Shivani Kumaresan
Rocket Lab USA, Inc (NASDAQ:RKLB) has signed a deal with Japanese Earth imaging company iQPS to launch an Earth observation satellite on Electron. The launch is scheduled for September 2023 from Rocket Lab Launch Complex 1 in New Zealand. The satellite will join a constellation after QPS-SAR-6 already in orbit. RKLB shares are trading lower by 0.72% at $5.52.
August 18, 2023 | 1:41 pm
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Rocket Lab has signed a deal with iQPS to launch an Earth observation satellite. Despite the positive news, the company's shares are trading lower.
Rocket Lab's deal with iQPS is a positive development for the company as it expands its customer base and secures future revenue. However, the market reaction has been negative, with shares trading lower. This could be due to broader market conditions or investor sentiment not fully reflecting the potential benefits of the deal.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100